Mayor Nutter Vetoes DROP Changes - NBC 10 Philadelphia

Mayor Nutter Vetoes DROP Changes

Mayor sticks to his position to abolish the pension program

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    Mayor Nutter Vetoes DROP

    Philadelphia Mayor Michael Nutter kept his promise to push for the controversial DROP pension program to be abolished and vetoed City Council's legislative changes that were designed to save money. Nutter said citizens want DROP ended and council members should listen. (Published Thursday, June 23, 2011)

    Philadelphia Mayor Michael Nutter promised that the only DROP action he would consider was his own plan to abolish it.

    Nutter stuck to that position on Thursday and vetoed the legislative changes contained in a retooling of the Deferred Option Retirement Plan (DROP) that was approved by Philadelphia City Council. Council voted 14-3 last week to keep the controversial program alive.

    There has been an ongoing disagreement about the true costs associated with DROP. Mayor Nutter said the public doesn’t support it.

    Council’s changes were designed to save money by pushing back eligibility for non-uniform employees and dropping interest rates for future DROP participants.

    Council would need 12 votes to override Nutter’s veto.

    Thursday’s council meeting was the final session before the schedule summer recess.